In public education, the value of the services provided is
A) greater than the value that parents and students place on the services.
B) equal to the value that parents and students place on the services.
C) less than the value that parents and students place on the services.
D) zero since they are a public good.
Answer: A) greater than the value that parents and students place on the services.
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Speculators in the financial market:
A. act as buyers only. B. act as sellers only. C. buy and sell assets for financial gain. D. reduces risk in financial markets.
The theory of adaptive expectations holds that people form the most accurate possible expectations about the future using all information available to them
a. True b. False Indicate whether the statement is true or false
The demand for a factor of production depends on the:
A. supply of the factor. B. supply of other factors of production. C. demand for other factors of production. D. demand for the products that it helps to produce.
If the U.S. Gini coefficient increased from 0.4 in 1970 to 0.6 in 1990, what would be most accurate?
a. Income inequality increased in the U.S b. Per capita income increased in the U.S c. Both income inequality and per capita income increased d. Income inequality decreased e. The growth rate of income increased